BUSINESS MATH FINAL EXAM STUDY
GUIDE - MATH PROBLEMS QUESTIONS
WITH CORRECT ANSWERS
A broker sold Octavia Relenza 200 shares of stock at $23.19. Octavia's broker charged
$199.13 commission. Find the total cost of the stock to Octavia. - ANSWER-$23.19 *
200= $4638
$4638 + $199.13 = $4,837.13
Alan Lester's employer pays 60% of his annual health insurance premium. If the total
monthly premium for the insurance is $86, what is Alan's share of the annual premium?
- ANSWER-100-60= 40%
$86 * .4 = $34.40
$34.40 * 12 = $412.80
If Daja spends an average of $140 per month on gas for her car, how much will she
spend in a year on gas? - ANSWER-$140 * 12 = $1,680
Jon Marlow's total income last year was $31,300. Of that amount, he spent $7,900 for
food. What percent of Jon's total income did he spend for food? - ANSWER-$7900 /
$31,300 = 25%
The Rutladge family finds that they are over-budget $100 in food spending. They
increase their $750 food budget by $100 per month, and decrease their $300
entertainment budget by $100. If their monthly income is $5,000 per month, what
percent of income is budgeted for food? for entertainment? - ANSWER-$750 + $100 =
$850
$850/ $5000 = .17 = 17%
$300 - $100 = $200
$200/ $5000 = .04 = 4%
You can buy 2, 16-oz. jars of pasta sauce on sale for $1.99. Each 16-oz. Jar regularly
sells for $1.29. How much will you save if you buy 6 jars on sale? - ANSWER-(1.29 * 6)
- (3 * 1.99) = $1.77
An electric appliance factory had these costs for the goods produced in the first quarter
of a year: raw materials, $1,671,680; direct labor, $2,168,320; and factory overhead,
$684,850. What was the prime cost of the goods produced during the quarter? What
was the total manufacturing cost of the goods? - ANSWER-$1,671,680 + $2,168,320 =
$3,840,000 Prime Costs
$3,840,000 + $684,850 = $4,524, 850 Manufacturing Costs
GUIDE - MATH PROBLEMS QUESTIONS
WITH CORRECT ANSWERS
A broker sold Octavia Relenza 200 shares of stock at $23.19. Octavia's broker charged
$199.13 commission. Find the total cost of the stock to Octavia. - ANSWER-$23.19 *
200= $4638
$4638 + $199.13 = $4,837.13
Alan Lester's employer pays 60% of his annual health insurance premium. If the total
monthly premium for the insurance is $86, what is Alan's share of the annual premium?
- ANSWER-100-60= 40%
$86 * .4 = $34.40
$34.40 * 12 = $412.80
If Daja spends an average of $140 per month on gas for her car, how much will she
spend in a year on gas? - ANSWER-$140 * 12 = $1,680
Jon Marlow's total income last year was $31,300. Of that amount, he spent $7,900 for
food. What percent of Jon's total income did he spend for food? - ANSWER-$7900 /
$31,300 = 25%
The Rutladge family finds that they are over-budget $100 in food spending. They
increase their $750 food budget by $100 per month, and decrease their $300
entertainment budget by $100. If their monthly income is $5,000 per month, what
percent of income is budgeted for food? for entertainment? - ANSWER-$750 + $100 =
$850
$850/ $5000 = .17 = 17%
$300 - $100 = $200
$200/ $5000 = .04 = 4%
You can buy 2, 16-oz. jars of pasta sauce on sale for $1.99. Each 16-oz. Jar regularly
sells for $1.29. How much will you save if you buy 6 jars on sale? - ANSWER-(1.29 * 6)
- (3 * 1.99) = $1.77
An electric appliance factory had these costs for the goods produced in the first quarter
of a year: raw materials, $1,671,680; direct labor, $2,168,320; and factory overhead,
$684,850. What was the prime cost of the goods produced during the quarter? What
was the total manufacturing cost of the goods? - ANSWER-$1,671,680 + $2,168,320 =
$3,840,000 Prime Costs
$3,840,000 + $684,850 = $4,524, 850 Manufacturing Costs
